Plan Snapshot
- Plan Sponsor: Canna Provisions INC.
- Sponsor EIN: 825377573
- Sponsor Address: 225 HOUSATONIC ST, LEE, MA, 01238
- Plan Type: 401(k)
- Total Participants: 61
- Total Assets: $491,680
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 61 | $491,680 | $3,730 | $52,204 |
| 2023 | 89 | $505,444 | $61,217 | $117,401 |
| 2022 | 113 | $327,130 | $144,556 | $170,341 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| WHITTLESEY | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $8,977 | — | $5,442 | — | — |
| 2023 | $1,733 | — | $1,733 | — | — |
| 2022 | $487 | $487 | — | — | — |